British banks handled $740 mn of laundered Russian money
Tuesday, March 21, 2017, 1:00 PM
British banks handled nearly $740 million (over 4,800 crore) that was laundered by Russian criminals with links to the Russian government, according to The Guardian. It also named 17 such banks, including HSBC, that are being probed over the illegal money transfers. Reportedly, over $20 billion (over 1.3 lakh crore) was moved out of Russia between 2010 and 2014.